If you’ve decided to take the entrepreneurship path, however, you must be ready to face a few challenges along the way to taste success ultimately. To help you eliminate the guesswork, we’ve done the research and compiled a list of three best side businesses for introverted people in 2020.
However, these recommendations may only be fit for you if you’re a go-getter—someone willing to invest time and effort in their projects. Let’s dig in.
1. Start a High-End Blog
Blogging is a great opportunity for any introvert to remain in the comfort of a calm environment, but still working on topics you like most.
One of the most popular questions among newbie bloggers is, “how much can I earn blogging?”
The trick and answer lies in finding a profitable niche. After discovering the niche, specialize in it, offer value to your audience, and the money will start streaming in. Note that blogging isn’t a get rich quick scheme though.
You can expect to make between $500 and $2,000 each month or more in the first year. After the first year, when you’ve garnered good traffic and built a healthy subscribers list, you can expect to make from $5,000+ in revenues each month.
To get started with blogging, you’ll need a good domain name and hosting. Many web hosting companies such as Namecheap, BlueHost, GoDaddy, and Hostinger offer affordable hosting plans for bloggers.
However, you’ll have to spare some time and do a bit of background research to find the perfect hosting plan that fits your needs and budget. Once you’ve acquired your ideal domain name and hosting, you can use the available content management system to get started quickly.
You can use WordPress, which powers over 37 percent of websites on the internet in 2020 or consider alternatives like Squarespace, Wix, and Constant Contact, among others.
How do Blogs Make Money?
To make money with blogging, you must first understand your audience’s pain points and figure out solutions to these needs to make the most revenue from your blog. Suppose you choose to start an informative blog. In that case, you can earn income through affiliate commissions by recommending products, renting ad spaces, or make individual sections of the website only available to https://www.alexandremthefrenchy.com/ premium members.
Using ad networks like AdThrive, Monumetric or MediaVine is a more straightforward option for earning some revenue from your internet traffic. Most bloggers like it because it helps you target the ads relevant to the content you create or share on your website. Your target would be to get the most monthly traffic because it will influence your blog revenue.
For instance, if you get 100,000 new visits each month, you can expect to make between $1,000 and $25,000 each month from this traffic. Traffic is the lifeblood of your blog, and you should focus on maintaining or increasing it each month. To keep healthy blog traffic, publish fresh content regularly, optimize your website for mobile devices, and, most importantly, optimize it for the search engines.
2. Design a Highly Innovative Software Product
If you have a highly innovative idea, it is time you bring it to life by creating a software product around it that users will love to use and find valuable. A big advantage of innovating on software product is that you can surround yourself with a small group of like-minded introverts, who would enjoy building something extra-ordinary.
If you have some coding skills, you’re good to go. Alternatively, if you have no idea how coding works, you may consider signing up for free coding courses that are plentiful on the internet or signing up for a premium one if you want dedicated support and guidance. If you have very fixed schedules, you may also consider hiring individual software developers or a software development company to help you bring your idea to life.
There are numerous ways you can earn money from your software, and much of that would come from sales of the software product. You may also consider monetizing the software to increase your profits. Here is a roundup of some creative ways you can monetize your software.